Record Flooding: $40 Billion Of Damage In Pakistan As Monsoons Devastate South Asia

Catastrophic flooding in Pakistan this summer caused at least $40 billion in damages—roughly $10 billion higher than previous estimates—according to World Bank data released Wednesday, officials said, as the South Asian country, along with several others, recoup from the aftermath of devastating floods believed to be fueled by climate change. The deadly flooding in Pakistan is one of a handful of catastrophic flood events this year, including ongoing flooding in Nigeria from heavy rain and the release of a dam in neighboring Cameroon that left at least 600 people dead and 2,400 injured, with another 1.4 million displaced. Major flooding this summer in Bangladesh, China and India also killed more than 100 after rainfall in the area hit a 50-year high, while record rainfall inundated parts of western China killing 300 and damaging 9,000 homes, and flooding in northern China killed 28, destroying nearly 20,000 houses and forcing 120,000 people to
evacuate… Source: forbes.com